See how the Bearish Flag is playing out for GIS. View live chart.
Bearish continuation if preceding move was down.
Consolidation. Can break either way.
Sideways movement between parallel supports.
Bearish continuation pattern.
Gradual reversal from bearish to bullish.
GIS is showing interesting structural developments at $33.42. Price has moved to $33.42 (0.18%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. Volume is strong (1.37x avg) with moderate trend strength (7.1). A potential breakout level is identified at $31.75, targeting $26.2 with support near $35.0 (R:R 1.71).
What is your outlook on GIS?